$SPDR S&P 500 ETF Trust(SPY)$ The upper orb was set first. The 2 and 5 minute charts are sitting at the 20 SMA resistance. The middle orb is at 768.42. For the bulls, a break above the upper orb at 768.85 is needed. Below the middle orb could lead to the lower orb at 768.11.
$SPDR S&P 500 ETF Trust(SPY)$ Oil looks set to get pushed higher, which could shake a lot of people out of their positions. Markets might dip a bit more, then oil comes back down, and good news follows with a strong rally.
$CoreWeave, Inc.(CRWV)$ A lot of amateur shorts have been pushing false narratives about CRWV, apparently hoping their poorly timed short positions near the bottom will move a bit lower. Meanwhile, futures are surging, and $165 price targets are still being reiterated. From here, CRWV looks like it's set to move higher, possibly much higher.
$CoreWeave, Inc.(CRWV)$ I've been reading everything I can on the debt and financing concerns, and I think the market may be throwing the baby out with the bathwater here. Truist still has a Buy with a $165 target, and they're pointing to something that seems to be getting overlooked: a huge backlog, real operating scale, and customer prepayments on roughly 70% of recent deals. That last part matters because upfront customer money means less dependence on outside financing. Does CRWV have debt? Absolutely. Is the capital structure something to watch closely? Absolutely. But there's a big difference between being highly leveraged and having a failing business. Jensen Huang says CRWV's cost of capital is actually decreasing, Cantor calls this o